The Central Bank of Nigeria is reported to be preparing to retire approximately 1,000 employees as part of a strategic workforce realignment. A severance package worth over N50 billion was…
Sequel to the Friday advice by Central Bank of Nigeria (CBN) Governor Olayemi Cardoso to bank customers to report any difficulties in withdrawing cash from bank branches or ATMs to…
The Central Bank of Nigeria (CBN) on Friday advised bank customers to report any difficulties withdrawing cash from bank branches or ATMs to the apex bank from December 1. CBN…
The House of Representatives on Wednesday resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and the Chief Executive Officers of commercial banks to appear before…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by 25 basis points to 27.50 percent from 27.25 percent, citing…
The Nigeria Deposit Insurance Corporation (NDIC) says it paid N1.39 billion to 36,163 depositors of 110 closed microfinance banks and three primary mortgage banks. He said this followed the recent…
....'Foreign transfers inflows not trapped’ The Central Bank of Nigeria, (CBN) has alerted the public on rising cases of fake SWIFT messages from fraudsters. In a statement, CBN Acting Director,…
The Federal High Court sitting in Lagos has ordered the final forfeiture of $2.045m, seven choice landed properties and share certificates linked to the former Governor of the Central Bank…
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso yesterday affirmed that the Federal Government is prepared to deploy all tools to rein in inflation. The CBN, Cardoso said, is prepared…
The Central Bank of Nigeria, (CBN), has dismissed reports that the old N200, N500, and N1,000 banknotes will cease to be legal tender by December 31, 2024. In a statement…